Interactive Brokers announces its quarterly financial results
Interactive Brokers announces its quarterly financial results
Interactive Brokers Group announced financial results for the second quarter ended June 30.
Reported diluted earnings per share were $1.20 for the quarter and $1.32 on an adjusted basis. For the same period last year, diluted earnings per share were $0.72 and $0.84, respectively.
Net revenues were reported at $1 billion, or $1.064 billion on an adjusted basis. This compares to $656 million and $717 million, respectively, in the prior year.
Reported pre-tax income for the second quarter was $652 million, or $716 million on an adjusted basis. In the prior year's second quarter, pre-tax income was $392 million and $453 million, respectively.
The documents showed that options contracts rose 9%, while futures contracts and stock share volumes fell 3% and 28%, respectively.
At the same time, net interest income rose 99% to $694 million. This was driven by strong increases in benchmark interest rates and customer credit balances.
Subsequent to the quarter, the company's Board of Directors declared a quarterly cash dividend of $0.10 per share. The dividend will be paid on September 14th.
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